Micheal Moore in Wisconsin: "America is not broke"

[memphis]

Sure my comment was meant to be primarily smartass (who knew?), but not entirely.  If a guy can't manage his own money and is a spendthrift, just why would he knew a damn thing about macroeconomics, and just why would anyone repose any confidence in his opinions when it comes to money matters? The answer of course is that he doesn't know anything about macroeconomics, and,or its nexus with tax policy, or anything else of some complexity in this field. He doesn't have a clue. And unless he is pushing for a wealth tax (is he?), it's irrelevant - totally irrelevant - that the "Tories" of this world have millions or billions in the bank. It's just a throwaway line really. I was smartass, because what comes our of Mr. Moore's mouth isn't worth anything more than that when it comes to a response. He is, in short, a clown. JMO of course!

Now you may continue with your usual programming.

Except even the tories can't take it with them. We need to restore the estate tax to Clinton levels.

[memphis]

The idea that lowering taxes of any sort at this point would result in more tax revenue than would've otherwise been created by increasing taxes is such a complete assault on common sense (and in the case of straight up income taxes, thoroughly debunked) that I cannot believe otherwise intelligent people like you guys would buy it.

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Why not drop all taxes to 0%? That would really bring in the money. What the estate tax does in addition to raising revenue is getting the hoarders to spend, something that is vital right now. A recovery is impossible unless we can squeeze out the endless billions from the owners' hands.